Deirdre Nansen McCloskey
Beyond Positivism, Behaviorism, and Neoinstitutionalism in Economics
Beyond Positivism, Behaviorism, and Neoinstitutionalism in Economics
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Deirdre Nansen McCloskey's book "Beyond Positivism, Behaviorism, and Neoinstitutionalism in Economics" argues for a re-focusing on the liberated human and proposes a "humanomics" that combines economics with history, philosophy, literature, and the sciences of humans to rebuild the foundations of economics.
Format: Hardback
Length: 192 pages
Publication date: 08 July 2022
Publisher: The University of Chicago Press
Beyond Positivism, Behaviorism, and Neoinstitutionalism in Economics is a profound analysis from one of the defining voices of contemporary economics. Deirdre Nansen McCloskey delves into the authoritarian cast of recent economics, advocating for a re-focusing on the liberated human. The behaviorist positivism that gained popularity in the field since the 1930s treats individuals as external entities, leading to the emergence of manipulative neo-institutionalism as seen in Williamson and North. McCloskey argues that institutions, as causes, are primarily temporary and intermediate, rather than ultimate. They are human-made, shaped by words, myth, ethics, ideology, history, identity, professionalism, gossip, movies, and the teachings of one's mother. Humans create conversations as they go, both in the economy and in the rest of life.
In her engaging and erudite prose, McCloskey meticulously exposes the scientific failures of neo-institutionalism. She proposes a "humanomics," an economics that leaves humans at its center. Humanomics retains theory, quantification, experimentation, mathematics, econometrics, while insisting on greater rigor than usual. It incorporates insights from history, philosophy, literature, and all the sciences of humans. McCloskey reaffirms the enduring power of "market-tested innovation" against the imagined imperfections that a perfect government is supposed to correct. With her trademark zeal and incisive wit, she rebuilds the foundations of economics, offering a fresh perspective that challenges conventional thinking.
Weight: 494g
Dimension: 159 x 236 x 22 (mm)
ISBN-13: 9780226818306
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